Approximately 31 percent of REALTORS® who responded to the latest REALTORS® Confidence Index survey reported making a sale to first-time home buyers. Normally first-time buyers are in the neighborhood of 40 percent of total residential sales, … [Read more...]
Cash Sales: 27 Percent of Residential Sales
Approximately 27 percent of REALTORS® reported making cash sales in August, unchanged from July’s figure, according to the latest REALTORS® Confidence Index survey. The percentage of cash payments fluctuates from month to month. The high … [Read more...]
Distressed Sales Continued to Decline in Market Share
According to the July REALTORS® Confidence Index report (RCI), twenty-four percent of respondents reported selling distressed property (foreclosed and short sales), lower than last year’s figure of 31 percent. Cash sales accounted for 39 percent of … [Read more...]
REALTOR® Member Age, Income and Experience
Income is typically commensurate with experience. As REALTORS® gain experience and a larger network of referrals and previous clients, their income generally rises. REALTORS® with 16 years or more experience had a median gross income of $50,200 … [Read more...]
Unemployment Rate: June 2012 Vs. June 2011
Employment has been steadily growing over the last year and a half, an important trend for the housing market as employment growth builds confidence as well as the financial means for would-be buyers to make a home purchase. Only 15 of the 164 … [Read more...]
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